GOLD PRICE FORECAST: XAU/USD BREACHES KEY $2,890 SUPPORT AHEAD OF US PCE INFLATION DATA
GOLD PRICE FORECAST: XAU/USD BREACHES KEY $2,890 SUPPORT AHEAD OF US PCE INFLATION DATA
Gold price drops to two-week lows below $2,900.
Awaiting US PCE inflation data, with the US Dollar strengthening amid Trump’s tariff threats.
US Treasury yields decline due to dovish Fed expectations.
Gold trades below the 21-day SMA at $2,890, but daily RSI remains bullish.
Price struggles to maintain momentum after eight consecutive weekly gains.
